RailTel Corporation of India Limited IPO

Incorporated in 2000, RailTel Corporation is a public sector business unit, wholly owned by the Government of India (GOI) and administrated by the Ministry of Railways. It is an Information and Communication Technology (ICT) infrastructure provider company. The company was established with the key objective to modernize telecom infrastructure and today, it is one of the largest telecom infrastructure providers.
RailTel uses the latest technology like high dense wavelength division multiplexing (DWDM) and multi-protocol label switching (MPLS) network. As on 30 June 2020, it has covered an optic fiber network over 55,000 Km and 5677 railway stations. The company has data centers in Haryana, Gurugram, Secunderabad, and Telangana.

RailTel Products and Services:

  • Telecom Network Services
  • Telecom Infrastructure Services
  • Data Center and Hosting Services
  • System Integration Services

Company Promoters:

  • The President of India, acting through the Ministry of Railways is the promoter of the company.

Company Financials

Particulars For the year/period ended (? in Million)
Summary of financial Information (Restated) 31-Mar-20 31-Mar-19 31-Mar- 18
Total Assets  23,981  22,276.75  10,212.18
Total Revenue  11,660.05  10,382.66  10,212.18
Profit After Tax  1,410.66  1,353.56  1,340.06


Objects of the Issue:

The net proceed from the IPO will be used towards following purposes:

  • To carry out the disinvestment plan.
  • To achieve the benefits of equity share listing on the stock exchanges.

(Read Detailed Report)


Issue Details


ISSUE OPENS
Tuesday, February 16, 2021

ISSUE CLOSES
Thursday, February 18, 2021

ISSUE PRICE
Rs 93 - Rs 94 Per Equity Share.

BID LOT
155 Equity shares & multiple of 155 Equity shares thereafter.

IPO SIZE
Rs. 819.24 Cr

LISTING EXCHANGES
NSE & BSE

ALLOTMENT DATE
Tentatively Wednesday, February 24, 2021

RATIO
QIB 50% - Retail 35% - NIB 15%

Apply Now

You can Invest via:

  201404210316526522603845   201404210316526522603171   201404210316526522603762   201606080432378699589304.jpg

Open Account Now